3.68

[makeitrain]

Please explain this rate. Thanks! Very new!

[Aqua Dude]

it will be 1.17 dinar per 1 us dollar

1170 <~~~~remove three zeros ~~~~~~>1.17

rounded up is 1.20 to 1 usd

1200 dinar divided by 1.20 = 1000 USD

the article below is why i say this

-------------------------------------------------------

Babylon University Study: Proposal to Raise Zeros From Iraqi Dinar

Posted: May 31, 2011 Iraqi Dinar/Politics

May 27, 2011

Proposal to raise zeros from Iraqi dinar

A. M. D. Jawad Kadhim al-Bakri

Usually Matqom financial authorities of b (Ministry of Finance) by using the (fiscal policy) in order to maintain the general level of prices, in addition to the use of all productive resources available in the local economy to reach a state of full employment, as well as supporting the march of economic development, and this is done through the use of power financial instruments of fiscal policy b (government spending, and taxes).

The Authority uses financial instruments to address these problems (inflation, recession, unemployment), which is usually self-styled (the gap inflationary and deflationary gap), which might be exposed to the local economy, in addition to their use is targeted to raise the level of growth in the country.

Thus, the fiscal authority has no right to influence money supply and demand as they are the powers of the monetary authority of the Central Bank.

History tells us modern economy that many of the countries of the world (which went through wars large Kaharpin Wars I and II or the collapse of their totalitarian as States of the former socialist camp) has proceeded to one of two things, either you change the national currency or remove a group zeroes them to return to the square of economic stability.

In the U.S. experience in Iraq after the fall of the previous dictatorial regime has the Coalition Provisional Authority to change the currency of the new Iraqi currency, but equal in value, which would not intentionally CPA to raise the purchasing power of the Iraqi currency against the U.S. dollar or other currencies.

This situation led to keep the Iraqi dinar is equivalent to (0.067) U.S. cents, which indicates a significant decrease in the purchasing power of the Iraqi dinar.

If what has lift (three zeros) from the Iraqi dinar, it will lead to increase its value to the (1000) once calculated value Almertbip to the number of zeros that have been filed, any box of cigarettes that were sold (1000) dinars possible purchase after the lifting of the zeroes dinar and one, a thousand dinars and modern can be obtained by the A pack of cigarettes.

In theory and when lifting (three zeros from Iraqi dinar), the purchasing power will rise to the U.S. dollar significantly to become one U.S. dollar equals (JD and a half) just so that the goods imported from abroad, worth before the lifting of the zeroes (1.2 million) Iraqi dinars, equivalent to ( 1000) U.S. dollars, will be worth after the lifting of the three zeroes (1200) Iraqi dinars, equivalent to (1000) dollars as well, and this will Igelb to remember any negative effects on the Iraqi citizen of the theory.

Positives raise zeros from the Iraqi dinar: The process of removing three zeros from Iraqi dinar deliberate, according to a tight monetary policy will lead to the following pros:

1. raise the purchasing power of the Iraqi dinar.

2. revalue the Iraqi dinar against other currencies.

3. increase the confidence of the Iraqi economy to foreign investors.

4. increase the confidence of the Iraqi citizen Bammelth National, which has become comparable to other currencies such as the U.S. dollar and the Jordanian dinar and the Kuwaiti dinar … etc..

http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=ar&tl=en&u=http%3A%2F%2Fwww.uobabylon.edu.iq%2FuobColeges%2Fservice_showarticle.aspx%3Ffid%3D9%26pubid%3D1122

[Alex38]

it will be 1.17 dinar per 1 us dollar

1170 <~~~~remove three zeros ~~~~~~>1.17

rounded up is 1.20 to 1 usd

1200 dinar divided by 1.20 = 1000 USD

the article below is why i say this

-------------------------------------------------------

Babylon University Study: Proposal to Raise Zeros From Iraqi Dinar

Posted: May 31, 2011 Iraqi Dinar/Politics

May 27, 2011

Proposal to raise zeros from Iraqi dinar

A. M. D. Jawad Kadhim al-Bakri

Usually Matqom financial authorities of b (Ministry of Finance) by using the (fiscal policy) in order to maintain the general level of prices, in addition to the use of all productive resources available in the local economy to reach a state of full employment, as well as supporting the march of economic development, and this is done through the use of power financial instruments of fiscal policy b (government spending, and taxes).

The Authority uses financial instruments to address these problems (inflation, recession, unemployment), which is usually self-styled (the gap inflationary and deflationary gap), which might be exposed to the local economy, in addition to their use is targeted to raise the level of growth in the country.

Thus, the fiscal authority has no right to influence money supply and demand as they are the powers of the monetary authority of the Central Bank.

History tells us modern economy that many of the countries of the world (which went through wars large Kaharpin Wars I and II or the collapse of their totalitarian as States of the former socialist camp) has proceeded to one of two things, either you change the national currency or remove a group zeroes them to return to the square of economic stability.

In the U.S. experience in Iraq after the fall of the previous dictatorial regime has the Coalition Provisional Authority to change the currency of the new Iraqi currency, but equal in value, which would not intentionally CPA to raise the purchasing power of the Iraqi currency against the U.S. dollar or other currencies.

This situation led to keep the Iraqi dinar is equivalent to (0.067) U.S. cents, which indicates a significant decrease in the purchasing power of the Iraqi dinar.

If what has lift (three zeros) from the Iraqi dinar, it will lead to increase its value to the (1000) once calculated value Almertbip to the number of zeros that have been filed, any box of cigarettes that were sold (1000) dinars possible purchase after the lifting of the zeroes dinar and one, a thousand dinars and modern can be obtained by the A pack of cigarettes.

In theory and when lifting (three zeros from Iraqi dinar), the purchasing power will rise to the U.S. dollar significantly to become one U.S. dollar equals (JD and a half) just so that the goods imported from abroad, worth before the lifting of the zeroes (1.2 million) Iraqi dinars, equivalent to ( 1000) U.S. dollars, will be worth after the lifting of the three zeroes (1200) Iraqi dinars, equivalent to (1000) dollars as well, and this will Igelb to remember any negative effects on the Iraqi citizen of the theory.

Positives raise zeros from the Iraqi dinar: The process of removing three zeros from Iraqi dinar deliberate, according to a tight monetary policy will lead to the following pros:

1. raise the purchasing power of the Iraqi dinar.

2. revalue the Iraqi dinar against other currencies.

3. increase the confidence of the Iraqi economy to foreign investors.

4. increase the confidence of the Iraqi citizen Bammelth National, which has become comparable to other currencies such as the U.S. dollar and the Jordanian dinar and the Kuwaiti dinar … etc..

http://translate.google.com/translate?js=n&prev=_t&hl=en&ie=UTF-8&layout=2&eotf=1&sl=ar&tl=en&u=http%3A%2F%2Fwww.uobabylon.edu.iq%2FuobColeges%2Fservice_showarticle.aspx%3Ffid%3D9%26pubid%3D1122

Nice!

[keepmwlknfny]

Please explain this rate. Thanks! Very new!

3.68 or 3.86??

From what I remember Frank the storyteller pulled that number (3.86) out of his arse making up something about the IMF gave them permission to reinstate the dinar to 3.22 and gave them permission to add 20% for the years of sanctions lol

Either way dont expect to see those rates.....not anytime soon anyway.....it would most likely be low and slowly rise but it would take YEARS to see anything near what they used to have.....

[zigmeister]

Good post.

[dinarjones]

I have a question for an expert, and please don't slam me for it. I am looking to be educated.

The CBI has daily currency auctions, what is the purpose of that, and where does that money go? What banks buy it, and who determines how much is sold. It seems to be roughly the same amount when they auction it.

Here is the example today:

Details Notes

Number of banks 21

Auction price selling dinar / US$ 1170

Auction price buying dinar / US$ -----

Amount sold at auction price (US$) 183,036,000

Amount purchased at Auction price (US$) -----

Total offers for buying (US$) 183,036,000

Total offers for selling (US$)

Thanks

[RVThereYet!]

3.68 or 3.86??

From what I remember Frank the storyteller pulled that number (3.86) out of his arse making up something about the IMF gave them permission to reinstate the dinar to 3.22 and gave them permission to add 20% for the years of sanctions lol

Either way dont expect to see those rates.....not anytime soon anyway.....it would most likely be low and slowly rise but it would take YEARS to see anything near what they used to have.....

Why are you HERE!.......you have nothing possitive to say about this investment........do you just like to flush peoples dreams down the drain??........give us a break and go play with your xbox.......we understand you believe this is a waist of time and money,we get the point!!

[FlintNPebbles]

Why are you HERE!.......you have nothing possitive to say about this investment........do you just like to flush peoples dreams down the drain??........give us a break and go play with your xbox.......we understand you believe this is a waist of time and money,we get the point!!

Gosh...I thought Keep was being pretty good about the rate....didn't say anything about a lop this time

[msm2137]

Why are you HERE!.......you have nothing possitive to say about this investment........do you just like to flush peoples dreams down the drain??........give us a break and go play with your xbox.......we understand you believe this is a waist of time and money,we get the point!!

I don't think keeps post was negative, would you prefer him tell you a lie or the truth? Everyone gets mad when people aren't pumping the rate, but the fact is it won't be over $.10 so if you want to make some money have enough dinar that your in good shape at that rate, I doubt you will see any more than that for a long while.

[Crow]

Why are you HERE!.......you have nothing possitive to say about this investment........do you just like to flush peoples dreams down the drain??........give us a break and go play with your xbox.......we understand you believe this is a waist of time and money,we get the point!!

RV.....This is probably whats going to happen........They will need to pull as many of those big bills in with the lower rate......just think your gonna get a 1-1 on something that cost you a tenth of a cent!!! that in itself is a blessing!!! YOUR NEVER GONNA SEE SOMETHING LIKE THIS AGAIN IN YOUR LIFE UNLESS YOU HIT THE POWERBALL OR MEGA MILLIONS!!! If your smart and this does happen.....cash in what you need to secure your bills and give you alittle comfort and hold onto the rest until it rises!! Keepems post was very realistic as to what is probably gonna happen.....Im hoping for the 3.66 rate, bur ready for the 1-1 thing also.... either way we win!!!!! unless they do the dreaded lop......

[kjwayne]

ALL I can say is "AMEN"!!!

[Hopeful_Investor]

but the fact is it won't be over $.10

I thought the fact was that nobody knows what the rate is going to be until it actually happens...

GO RV AND GO SOON!!!

[Choppermike]

Why are you HERE!.......you have nothing possitive to say about this investment........do you just like to flush peoples dreams down the drain??........give us a break and go play with your xbox.......we understand you believe this is a waist of time and money,we get the point!!

EXACTLY.

[WILLB]

Hmm,

why wouldn't it RV at the rate of the Kuwaiti Dinar at 3.67 , or close...it was 3.22 before war, so why is it so hard to believe it couldn't be there or more again. I feel that the Kuwaiti dinar is where the rate was derived from "in order to make their "Currency Valuable again"

Will

Edited August 30, 2011 by WILLB

[KuwaitEXPatPHD]

Looks like they are using the KD rate, which is 3.679

[GrahamB]

3.68 or 3.86??

From what I remember Frank the storyteller pulled that number (3.86) out of his arse making up something about the IMF gave them permission to reinstate the dinar to 3.22 and gave them permission to add 20% for the years of sanctions lol

Either way dont expect to see those rates.....not anytime soon anyway.....it would most likely be low and slowly rise but it would take YEARS to see anything near what they used to have.....

Why are you HERE!.......you have nothing possitive to say about this investment........do you just like to flush peoples dreams down the drain??........give us a break and go play with your xbox.......we understand you believe this is a waist of time and money,we get the point!!

I do not see Keepmwlknfny as negative. I see the 'theory' that taking the 3 Zeros out of the equation automatically implies a value of 1.17 dinar per USD as being simplistic. It would only be appropriate to take that action if 1.17IRQ/USD accurately represented the actual and real value of the Dinar. And much and all as i would love $3.68-$3.86, as Keepmwlknfny says, it is just too high! But saying it is too high in no way undermines my believe (and evidently Keepmwlknfny's believe) that an RV is appropriate and will benefit those of us who have 'chanced our arm'!

[edited for spelling]

Edited August 30, 2011 by GrahamB

[Realdinar]

Make it rain, make it rain, make it rain.

[Mongo]

And the band played on

[Darin]

I don't think keeps post was negative, would you prefer him tell you a lie or the truth? Everyone gets mad when people aren't pumping the rate, but the fact is it won't be over $.10 so if you want to make some money have enough dinar that your in good shape at that rate, I doubt you will see any more than that for a long while.

Your stating the "fact" it won't be over $0.10..... I didn't know we had someone who could the see future on this board.

Since you have that ability, please give us the actual date & rate, so we may all benefit.

Thanks in advance.

[Carrello]

Why are you HERE!.......you have nothing possitive to say about this investment........do you just like to flush peoples dreams down the drain??........give us a break and go play with your xbox.......we understand you believe this is a waist of time and money,we get the point!!

JMO, but if you really knew anything about this investment, you would know Keep is right in his statement. This is not about dreams, it is about facts.

[Priscilla]

I really don't understand how anyone can claim they know what the RV value will be..Nobody knows this..Not even Adam.....We all want to know..!..all this speculating just stirs up everyone and to the people that are just learning like me it gets confusing....Guess I'm just interested in facts and nothing else.. speculation is not going to put $$ in my pocket..

[Carrello]

RV.....This is probably whats going to happen........They will need to pull as many of those big bills in with the lower rate......just think your gonna get a 1-1 on something that cost you a tenth of a cent!!! that in itself is a blessing!!! YOUR NEVER GONNA SEE SOMETHING LIKE THIS AGAIN IN YOUR LIFE UNLESS YOU HIT THE POWERBALL OR MEGA MILLIONS!!! If your smart and this does happen.....cash in what you need to secure your bills and give you alittle comfort and hold onto the rest until it rises!! Keepems post was very realistic as to what is probably gonna happen.....Im hoping for the 3.66 rate, bur ready for the 1-1 thing also.... either way we win!!!!! unless they do the dreaded lop......

I agree with your thoughts. Personally, I am going to cash in a bit for me, family and friends, and then look for a cabin in the woods with a great porch swing, a big tree for the dog, and a very powerful Internet connection. Then I sit and wait for $3.66. Then I will move down to the big house on the lake.

I am probably thinking about cabins and woods, trees and water, because I am sitting in the middle of the desert looking at palm trees, rattlers, jack rabbits, and coyotes, and it is 110 degrees. Can't RV soon enough.

[Chooch]

I will take .10 !!! I am not greedy.

[Caye98]

I agree with your thoughts. Personally, I am going to cash in a bit for me, family and friends, and then look for a cabin in the woods with a great porch swing, a big tree for the dog, and a very powerful Internet connection. Then I sit and wait for $3.66. Then I will move down to the big house on the lake.

I am probably thinking about cabins and woods, trees and water, because I am sitting in the middle of the desert looking at palm trees, rattlers, jack rabbits, and coyotes, and it is 110 degrees. Can't RV soon enough.

I agree...but the cabin is a bayside bungalow with a dock and small boat, and after we hit $1 an additional boat, after $3+ I may consider a bigger house and will be visiting many more bungalows with friends in tow...

[Carrello]

I really don't understand how anyone can claim they know what the RV value will be..Nobody knows this..Not even Adam.....We all want to know..!..all this speculating just stirs up everyone and to the people that are just learning like me it gets confusing....Guess I'm just interested in facts and nothing else.. speculation is not going to put $$ in my pocket..

If "...you don't understand how anyone can claim they know what the RV value will be...", why are you asking for "...facts and nothing else..." How do you know these claims did not come from someone that researched the "facts" (easily done) and they are putting forth their findings as their opinion, therefore, their claim? Some here obviously are just throwing up crap, others know their stuff. That is for you to decipher.

The speculating is debate, presentation of facts, opinions, hypothesis. Unless you are an avid researcher on this subject (which I am not) reading all of the opinions is very confusing, because you have no idea who is correct, or just pontificating, blowing hot air.

If you are just interested in the "...$$$ in my pocket...", but would still like to learn, I suggest you find a poster you feel is knowledgeable and follow them. You may start to see a trend of discussions that will give you a good education.

You are looking to be spoon fed "facts" from people you do not even know?????? We are not purchasing $1 Lottery tickets. This is a bigger game. Stand up to the plate and take a swing, along with some responsibility.

I would put my time into reading and digesting, and quit with the whining.

Edited August 31, 2011 by Carrello